The SRES is administered by the Clean Energy Regulator and is available to households, small businesses, and community organizations that install eligible small-scale renewable energy systems, including Solar panels. The Rebate is given in the form of Small-scale Technology Certificates (STCs), which are created based on the amount of renewable energy the system is expected to generate over its lifetime.
The number of STCs a system is eligible for depends on factors such as the system’s capacity, location, and the amount of electricity it is expected to generate. These STCs can be sold to electricity retailers or other buyers, who are required by law to surrender a certain number of STCs each year to demonstrate compliance with the Renewable Energy Target.
The value of STCs can fluctuate depending on market conditions, but they generally provide a significant discount on the upfront cost of installing Solar panels. The exact amount of the Rebate will vary depending on the size and efficiency of the system, but it can range from a few hundred dollars to several thousand dollars.
In addition to the SRES, some state governments and local councils also offer their own Solar rebates or incentives to further encourage the adoption of Solar energy. These programs may have different eligibility criteria and Rebate amounts, so it’s important to check with the relevant authorities in your area.
Overall, Solar rebates in Australia play a crucial role in making Solar energy more affordable and accessible to households and businesses, helping to reduce greenhouse gas emissions and reliance on fossil fuels.